Some FT readers comment on its latest scare campaign

The first responds to the phrase: “Labour said in last year’s manifesto that it planned to increase income tax for people earning above £80,000 — about 5 per cent of the UK population”.

He opens: “Had enough with the comments left against this article. Readers, get this straight in your heads:

  1. 80k is not a ‘low’ threshold. It’s is stonkingly above the national average and you are very lucky to have it. You might have costs, but so does someone on a third of your salary. (And later) How is three times higher than the national average, and earned by less than 5% of the British working population a “low” threshold???? And don’t give me the “yes but mortgage, bills, spouse, kids, car (holidays, fun times, tuition fees, clubs…)” mantra. Those on the national average also have to pay the above, in fact, most pay rent, which is twice to three times the cost of a mortgage.
  2. Your income does not reflect your value as a person. Get over it. It just means you work in a higher earning sector. You don’t work harder or better than teachers, nurses, midwives, cleaners, drivers or anyone else who would love your working hours. Nor are you brighter, smarter, better looking or more deserving than they are.
  3. You will not get taxed at 60% if Corbyn gets in. He won’t have a House majority to push it through. If you don’t understand that simple fact of political life, how the blazes do you earn so much? And if you do know he won’t get a majority in the House to go full the Chavez, quit whining. At the very worst you’ll get a nationalised railway, which you probably aren’t averse to and won’t use anyway because you’ve got a chauffeur and/or a Beamer. Or an Audi, which has no indicators, tail gates like it wants the other car’s babies, and has a dodgy speedometer which makes you think going at 95 is within the national speed limit.
  4. If you don’t understand the sentiment and underlying socio-economic issues and disenfranchisement across your fellow countrymen, women and national family that makes Corbyn popular, and which facilitated Brexit, YOU are part of the problem. Physicians heal thyselves then get back to me.
  5. You are not, as an individual, qualified or aware enough of all the complexities it takes whole institutions to calculate and thousands of minds, to decide what level of tax is ‘fair’, let alone sensible. 6. You live in a low tax economy with plenty of tax minimisation options, so stop sulking”.

More generally:

What a hysterical little article – ‘should Labour seize power’, what you mean win a democratic election?

Which party gave us Brexit? Are the electorate so dim?

The ultra-rich protecting themselves from democracy is hardly new. Having extracted huge amounts from the state or the working classes, naturally they want to avoid giving some back.

It always amazes me when FT subscribers have such little financial knowledge that they try to blame Labour for problems which were largely created in the US mortgage market . . .

Another reader comments: Complete nonsense. The policies are lifted from Scandinavian countries.

Are you sure scared to make this comparison in case the people realise that this notion is actually a good thing for them? We only have to look at Scandinavia to see what true fairness in business does.

We need to instil an attitude of fairness across the board; sadly many people, as indicated in these comments, begrudge a better standard of living for the poor and prefer complex schemes.





Posted on October 6, 2018, in Politics and tagged . Bookmark the permalink. Leave a comment.

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